Minister Of Finance Is Considered To Be Difficult To Overcome The National Fiscal Complexity

Purbaya Yudhi Sadive when inaugurated as Minister of Finance replaced Sri Mulyani. (doc Setpres)

JAKARTA The economist from UPN Veteran Jakarta, Achmad Nur Hidayat, assessed that the Minister of Finance, Purbaya Yudhi Sadive, would find it difficult to answer and address the complexity of the country's fiscal problems.

The background of Purbaya in the field of investment and capital market research is very different from the minister of Finance whose job is to manage state fiscals. This is what I think will make it difficult for Purbaya, especially at the beginning of his term of office," he said, Sunday, September 14, 2025.

According to him, the main challenge for a minister lies in the function of redistribution of income and suppressing the social gap. Moreover, the number of poor people who have income below IDR 1.5 million per person per capita has reached 68.3 percent of the total population of Indonesia. This very bad socio-economic factor is the main challenge for Purbaya," added Achmad.

In addition, the former chairman of the LPS Board of Commissioners also received a heavy burden from President Prabowo Subianto, who set economic growth at eight percent. This is because economic growth is not just an acceleration but a structural leap.

"Can Indonesia run to 8 percent growth after President Prabowo replaces Sri Mulyani with Purbaya? This question is legitimate, even urgent. This can be analogized that we are down a winding road in the mountains. The car is big: the state budget, the financial sector, and public expectations. The old driver is known to be good at choosing teeth and holding the brakes, that's Sri Mulyani's reputation," explained Achmad.

"Now the driver is changing in the middle of derivatives, while the passengers are increasing due to priority programs. There, maintaining stability is as important as the courage to increase speed," he continued.

He revealed, although he has a systemic calm capital from his experience at LPS, this will not be enough considering that there are three prerequisites for high growth, namely credible state revenues, productive spending, and a revival of manufacturing.

"Without it, the target of 8 percent will remain a slogan. The task of the minister of Finance exceeds financial stability because he is an architect in terms of acceptance, controlling spending priorities, and managing debt costs," concluded Achmad.